Business Economics Quiz

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Questions and Answers

What do economists study in relation to scarce resources?

Efficient allocation for maximum goods and services production (correct)
Inefficient allocation for minimum goods and services production
Inefficient allocation for maximum goods and services production
Efficient allocation for minimum goods and services production

What is a requirement for the Business Economics (BSBA) major?

Completion of science and technology classes
Completion of a specific set of business foundation and core classes (correct)
Completion of any business-related classes
Completion of foreign language classes only

What is required to gain admission into the Business Economics major?

Participating in a language proficiency test
Participating in a non-competitive admissions process
Participating in the highly competitive Eller College Professional Admissions process (correct)
Taking any core classes

What is an example of a public issue that economists work on?

Inflation (C) Signup and view all the answers

What do economists apply economic theory to?

Banking, finance, manufacturing, education, law, international trade, labor, insurance, agriculture, health, criminal justice, energy, natural resources, and telecommunications (B) Signup and view all the answers